I also expect a further dip, likely below the 60k. My target range for the final bottom of this bear market is in the 50s. Maybe 52-56k, Maybe 59k? What do you think, Hurt?
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The average cost to mine 1 BTC is about $60k so I doubt we will go too far below $60k.
$59k is very possible.
BTC is going to do its thing, we could always hit low $50ks, I just doubt we will stay there very long.
Agree 🤝🏻
All those guys shouting for 40k or even 30k will get dissapointed.
99% the maxis are shouting we bottomed at 60K and the bull run is back soon. 40K in play is most likely for sure. Hive or take 5K… but u know my take so I won’t bore ya. For others reasons, it’s just the same thing we see every cycle, we didn’t bottom at 60K only 4 months after top. Wherever we go, it will be months from now where we bottom.
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We’ve gone way way below that cost in prior bear markets. No way we bottomed only 4 months after the cycle top. 49K club right here! With lots of sideways action for next 18 months.
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